29 December 2024 | 9 replies
Typically when you see "cash only" the agent doesn't believe the property can pass a home inspection which isn't relevant for construction loans in most instances and there are plenty of banks, hard money lenders etc. who offer construction financing on distressed buildings.
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24 December 2024 | 3 replies
Typically you aren't buying a fixer upper with a conventional loan.
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28 December 2024 | 13 replies
ALSO, I have not had to do an eviction following a partial payment agreement (so I don't know exactly how that would pan out in our courts), all of my tenants have so far completed their payment agreements as signed.Multifamily Northwest has forms for these types of things available via the Rental Forms Center at https://rentalformscenter.com/ Their forms are typically well reviewed by local attorneys; as you'll note, on the Partial Rent Payment Receipt there is verbiage specifically about if the landlord has/has not served a termination notice and reserving the landlords right to eviction if the agreement is not completed.
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26 December 2024 | 7 replies
You’ll typically find professionals or higher-income renters in these neighborhoods, so it can make a big difference when it comes to peace of mind and property maintenance.
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18 December 2024 | 3 replies
We focus on CapEX before beauty. as a realtor we understand selling or renting homes you have to make the home function, Roofing, windows, electrical and plumbing. after we address these we focused on beautify making sure the upgrades match the area and is forward thinking with color scheme, flooring, and flow.
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30 December 2024 | 11 replies
Hi Evan,I would recommend annual rent increases that align with cost of living - assuming you are currently at or near market.Residents typically expect a small increase and it's better to do it each year, rather than getting behind and having to do a large increase all at once.
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23 December 2024 | 7 replies
Easier to predict expenses - typically no major repairs unless from association3.
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26 December 2024 | 4 replies
For example, if a property is clearly a rental, does that typically have a higher chance of success?
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26 December 2024 | 5 replies
There is a "sponsor exemption" but that only allows an unlicensed person to raise money but it cannot be more than 50% of their duties and the pay they receive cannot be based on how much they raised.If you have never raised $, a family office will be off the table as they typically want the company to ahve atleast $50-$100M in assets.
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22 December 2024 | 12 replies
My goal is to stabilize, refinance within 3-5 years, and offer strong returns to lenders.Your point about targeting SDIRA investors and high earners is interesting—how do you typically find and connect with these types of lenders?